PMI-RMP Certification Training - Plan Risk Responses Process

The video tutorial covers risk management in projects, emphasizing the importance of identifying, analyzing, and prioritizing risks. It discusses the need for multiple stakeholders in risk ownership and the selection of appropriate risk responses based on significance. The tutorial also highlights the use of structured decision-making techniques and contingency planning, including the identification of secondary risks and allocation of reserves. The process of examining prioritized risks and creating response alternatives to improve project outcomes is also explained.

What steps should be taken once risks have been identified in a project?

Why is it important to include multiple stakeholders in risk ownership?

What is the significance of selecting the optimal risk response for a project?

How can a contingency plan be developed and when should it be executed?

What is a secondary risk and how can it arise?